What is B. Riley’s Estimate for TrueCar FY2029 Earnings?

TrueCar, Inc. (NASDAQ:TRUE) – Stock analysts at B. Riley issued their FY2029 earnings per share (EPS) estimates for TrueCar in a research note issued on Tuesday, February 11th. B. Riley analyst N. Khan anticipates that the technology company will earn $0.09 per share for the year. B. Riley has a “Neutral” rating and a $4.00 price target on the stock. The consensus estimate for TrueCar’s current full-year earnings is ($0.30) per share.

A number of other research firms have also weighed in on TRUE. BTIG Research upped their price objective on shares of TrueCar from $3.75 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of TrueCar from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of TrueCar in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, TrueCar presently has an average rating of “Moderate Buy” and a consensus target price of $4.88.

TrueCar Stock Performance

Shares of TRUE stock opened at $3.38 on Wednesday. TrueCar has a twelve month low of $2.56 and a twelve month high of $4.62. The stock has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $3.56. The stock has a market capitalization of $293.92 million, a price-to-earnings ratio of -11.65 and a beta of 1.75.

Institutional Trading of TrueCar

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in TrueCar by 126.5% in the third quarter. SG Americas Securities LLC now owns 34,644 shares of the technology company’s stock valued at $120,000 after acquiring an additional 19,349 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of TrueCar by 151.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 168,600 shares of the technology company’s stock valued at $582,000 after purchasing an additional 101,459 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TrueCar in the 3rd quarter worth $43,000. Intech Investment Management LLC acquired a new stake in shares of TrueCar in the 3rd quarter worth $36,000. Finally, FMR LLC grew its stake in TrueCar by 23.7% during the 3rd quarter. FMR LLC now owns 380,636 shares of the technology company’s stock worth $1,313,000 after buying an additional 73,041 shares during the last quarter. 79.44% of the stock is currently owned by institutional investors.

TrueCar Company Profile

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.